Alternatively, your GC can keep you posted on progress, but having a local project manager or even a trusted friend to occasionally drop by can provide extra peace of mind.Hope this helps, and good luck with your rehab project!

Given current cap rate expansion, and the interest rate environment, it would require a significant capital infusion to refinance now.  

BAM is a conservative operator and understanding of our current economic environment. 

Look at other rentals in the area and see not only how they are advertising or promoting online but also the inside and outside of the rental so you can create a similar environment to try to replicate the same results.

This is not normal in a rising interest rate environment. 

The math says to perform $500 sewer clearing each year instead of $5000 excavation, but the $5k bought peace of mind.

But if you can find an investment that pushes out beyond the next 2 or 3 years into a  “different” financial environment you might have a better risk reward return. 

My suspicion is, in this relatively relaxed lending environment, you will do well to learn for 100-500 hours and then just get started.

2) I would buy in this environment, but be absolutely more cautious.

The more affordable price points, combined with a steady rental market, provide some peace of mind.